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Freeserve's Future Stays
Cloudy Despite Growth

By

Jesse Eisinger Staff Reporter of The Wall Street Journal

Updated March 17, 2000 12:32 a.m. ET

The curse of a highflier is that it must annihilate the expectations.

Freeserve PLC didn't accomplish that in its third-quarter results, which came out Thursday. However, the results weren't bad: The unprofitable Internet-service provider and portal said its revenue was up 36% to 5.1 million pounds ($8.0 million or 8.3 million euros) in the third quarter ended Feb. 5 from the previous quarter. The consensus expectation was for 4.4...